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Show Vanderbilts surrender control OF NEW YORK central railway " NEW YORK, March 25. Control of . ; New. York Central and direction of Its operations have passed Into new hands, , according to information received from ' reliable sourpes. Control has not been wrested from; the Vanderbilts. There . has been no friction and the change Is along lines , approved by William K. Vanderbilt. The new control Is vested in the combination com-bination known as the. Rockefeller-. Rockefeller-. Pennsylvania-Morgan Interests. For a long time the New York Central has been operated in harmony with the Pennsylvania. In fact the Vanderbilts are the largest individual owners of Pennsylvania stock. In giving up control, it is announced, there is no surrender of interests in the property. The Vanderbilt family will retain a large holding and a voice in the management although the responsibility respon-sibility will be shifted. There have been reports that there will be a merger of the New York Central Cen-tral and the Pennsylvania, and that the New Haven will eventually be taken ta-ken Into the combination. This is declared de-clared to be premature if not untrue. The two properties can be best operated separately at present A merger may come later, but it is stated that it is unlikely in the near future. It la stated that ho startling changes will be made now, and that none are planned for the immediate future. It is possible that at the next annual meeting meet-ing some changes may be made in the directory. Mr. Morgan is now in the board, as Is William. Rockefeller. It is likely that at the next meeting the Pennsylvania may secure representation. representa-tion. All that is certain Is that the burden of control Is shifted to other hands, and that the so-called Rockefeller-Morgan-Pennsylvania combination will in the future operate the New York Central system, acting in accord with the Vanderbilt Van-derbilt family, but relieving them of the onerous duties and the exacting details de-tails of management . |